Document background
The Formal Request for Proposal (RFP) is a critical business document used in Hong Kong when organizations seek to procure significant goods, services, or works through a structured and competitive process. It is particularly relevant when the procurement requires detailed technical proposals, competitive pricing, and comprehensive evaluation of potential suppliers' capabilities. The document must comply with Hong Kong's legal framework, including the Competition Ordinance and Prevention of Bribery Ordinance, while incorporating local business practices and standards. RFPs are typically used for complex purchases where factors beyond price, such as technical capability, methodology, and experience, are crucial to the selection process. The document serves as both a solicitation tool and a foundation for subsequent contract negotiations, requiring careful attention to legal, commercial, and technical details.
